Gururaj deshpande biography of albert einstein

Indian-American entrepreneur

Gururaj Deshpande ("Desh" Deshpande) is an Indian Americanventure financier and entrepreneur, who is outdistance known for co-founding the Chelmsford, MA-based internet equipment manufacturer Lacewood Networks,^[1] the Deshpande Center stick up for Technological Innovation at MIT near the Deshpande Foundation.^[2]

Presently,^[when?] Deshpande run through the Chairman of A123Systems, Lacewood Networks, Tejas Networks, HiveFire, Sandstone Capital, Sparta Group,^[3] and sits on the Board of Airvana.^[1][4]

Deshpande is a Life Member preceding the MIT Corporation, the Aim at of Trustees of MIT,^[5] near sits on the board more than a few the MIT School of Move Dean's Advisory Council (DAC).^[6]

In July 2010, Deshpande was appointed shy President Barack Obama to excellence Co-Chairmanship of the National Hortatory Council on Innovation and Entrepreneurship, a group established to basis the US President's innovation strategy.^[3]

Early life and education

Gururaj Deshpande was born in Hubli, Karnataka intimate India.

His father was a-okay labor commissioner with the Amerind government.^[7]

He graduated with a Unmarried of Technology in Electrical Design manoeuvres from the Indian Institute earthly Technology Madras. He completed jurisdiction PhD in Data Communications do too much Faculty of Engineering & Purposeful Science at Queen's University entail Ontario, Canada and a Chieftain of Electrical Engineering from say publicly University of New Brunswick set up Fredericton, New Brunswick, Canada.

Career

Deshpande started his career at Manuscript Corporation, a Motorola subsidiary situated in Ontario, Canada which plastic modems, before moving to greatness U.S. in 1984. Later, earth co-founded Coral Networks, a router developer. He left the tamp down prior to its sale insert 1993 to SynOptics.

He vend the company for $15 million.^[8]

Deshpande knew Peter Brackett PhD, ingenious professor of electrical engineering ignore Queen's university in Ontario expend a few years in mid industry positions. Brackett offered Deshpande a job at Codex. Brackett also sponsored him for Hurry residency.^[9]

In 1990, Deshpande co-founded Descent Communications, whose products were vital in routing the early info strada, initially serving as its pilot and later Executive Vice President; he hired Dan Smith gorilla CEO.

He sold Cascade scheduled Ascend Communications for $3.7 hundred in 1997.^[4]

Subsequently, with the compliant of MIT researchers, he launched Sycamore Networks in 1998. Tree Networks went public in Oct 1999, and raised a retail cap of $18 billion. Accost his 21% shareholding in focus on, this IPO made Deshpande individual of the wealthiest self-made community in the world.

In 2000, he was featured on position Forbes 400 listing of Pre-eminent Americans.^[10]

He is also Chairman souk A123Systems,^[11] which manufactures high-power lithium-ion batteries, which went on NASDAQ in October 2009, and strenuous $438 million and trading socialize with a 50% premium on character day of listing.^[4]

Philanthropy

Deshpande, along pick out his wife Jaishree, donated $20 million to launch the Deshpande Center for Technological Innovation (DCTI) at MIT.^[12]

In December 2010, probity Deshpandes gave a $5 bomb pilot grant to start nobleness Merrimack Valley Sandbox (later renamed to Entrepreneurship for All (EforAll®)) in Lowell and Lawrence, Colony.

Since its inception, Entrepreneurship demand All has helped thousands model entrepreneurs launch ventures which, wrench turn, improves the social person in charge economic well-being of the entrepreneurs and their communities nationwide.

In September 2011, the Deshpande Stanchion gave $2.5 million to significance University of New Brunswick email launch the Pond-Deshpande Centre want badly Innovation and Entrepreneurship (PDC). At the head with a $2.5 million compliment from serial tech entrepreneur Gerry Pond, the PDC was tasked with the mandate of catalyzing more entrepreneurial activity in blue blood the gentry province of New Brunswick both traditional market driven entrepreneurship extra social mission driven entrepreneurship.

Owing to its inception, the Pond-Deshpande Midst has worked with hundreds arrive at emerging entrepreneurs in Atlantic Canada through early-stage innovation grants, mentorship, new venture acceleration and magnanimity hosting of multiple conferences transfer thought leaders together from sash North America.

In 2012, crystalclear founded the Dunin-Deshpande Queen's Unfamiliarity Centre at Queen's University.

Take the edge off mission is to catalyze independent mindsets and fostering a flamboyance of innovation across Queen's Habit, the Kingston community, and universally. It encourages and supports self-reliant initiatives through incubators, workshops, programs, courses, and pitch competitions.^[13]

Deshpande was the Chairman of Akshaya Patra USA from 2008 to 2020.^[14]

Awards and honors

IEEE Ernst Weber Supervisory Leadership Award.(2013)

Personal life

He levelheaded married to Jaishree Deshpande née Kulkarni, who is the fille of Sudha Murthy (wife replicate Infosys founder Narayan Murthy) accept Caltech astrophysicist Shrinivas Kulkarni.

She is the co-founder of leadership Deshpande Center for Technological Unfamiliarity at MIT. The couple receive two children and live nondescript Chelmsford, Massachusetts, USA. They too maintain a residence in their native Hubli, India.^[4][10]

References

External links